January is normally a slow month for housing, but median rent last month was the highest of any January on record and the third highest for any month, according to a report from Douglas Elliman, a brokerage, and Miller Samuel, an appraisal and consultant firm. “Rents are within a whisker of the summer high, and it is only January, which is typically a weaker rental time,” said Jonathan Miller, president and CEO of Miller Samuel. “Almost every price indicator is at or near all-time records.
But in January, as the vacancy rate slipped for the first time in nine months and the number of new leases expanded annually for the first time in three months, rent prices remained strong, climbing slightly higher than December. “The opposite of rising rents is not necessarily falling rents, it is stabilizing rents,” Miller said. “And now rents are moving sideways, if not moving a little higher.
No way, did New York surpassed San Francisco CA in high rent cost ? San Francisco was number 1, and Los Angeles was number 2.
Rent is a byproduct of systemic racism and should be free for everyone but cisgender white males.
Thanks Joe
1,400
That'll hold a lot of prisoners
you People don't tell the truth. And all that poo poo you said about Republicans talking about Twitter it didn't backfire that's a lie I sat and watched the whole thing stop telling the American people a bunch of crap people got fired over that and they're going to go to jail
But if rents went down in NYC, what would New Yorkers talk about?
If your illegal , don’t have to pay a dime and live in luxury. Thanks democrats